The schedule for both show to run the 2nd Thursday of each month (Cancer Answer 9:30-10am pst) and The Kabbah Show the 2nd Sunday of each month (6-6:30pm).Call in line is always the same for all callers(347-215-8709). See schedule below.

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San Diego Kabbalah group leaders Arnie Levine and Stephen Ezakovich joins @bge_radio to introduce their new show “Kabbalah, Learning to Receive”.

Kabbalah teaches that we all want to enjoy. Kabbalists call this desire “the will to receive delight and pleasure,” or simply, “the will to receive.” This desire propels all of our actions, thoughts, and feelings, and Kabbalah depicts how we can realize our desires and fulfill our wishes. Ref: Laitman, “Kabbalah for the student”

Please click the date for the show and you will go to the live broadcast if past it will be a replay.

Yale Law School lecturer Logan Beirne examined a lawsuit recently filed by three Fannie Mae and Freddie Mac investors accusing the federal government of exceeding its authority as a conservator.

The three plaintiffs in question allege that the Federal Housing Finance Agency and the U.S. Treasury “systemically exceeded their limited authority under HERA” and “acted arbitrarily and capriciously.”

In his article, published in the National Law Review, Beirne seems to agree. He says that the case “astutely focuses on [the Federal Housing Finance Agency’s statutory breaches],” unlike the earlier suits that focused on constitutional claims.

“However, rather than work as conservator to benefit Fannie Mae and Freddie Mac’s shareholders, as is its obligation under traditional conservatorship law, the FHFA acted for the benefit of the U.S. government – and to the detriment of those private shareholders. In a surprise deal, the FHFA effectively wiped out the private shareholders and essentially turned the proceeds of Freddie and Fannie to the U.S. Treasury,” Beirne writes.

At the time of the conservatorship, most thought the move was necessary, though serious questions have arisen about that contention since.

The GSEs returned to profitability by the second quarter in 2012, and within a few months the Treasury enacted its “Third Amendment Sweep” of profits.

Beirne says that as a conservator, the FHFA had a statutory obligation to shareholders over other concerns.

He notes that concerns for taxpayers are important, yes, but breeches of contractual responsibilities are even more serious.

“As conservator under HERA, it is precisely the FHFA’s responsibility to work for the benefit of the shareholders. Under standard corporate law principles, that conservator is bound, by a strong fiduciary duty to protect the corporate assets for the benefit of both common and preferred shareholders. By working for the benefit of third party taxpayers – and to the detriment of private shareholders – the FHFA is in breach of its duties under HERA,” he writes.

Beirne concludes that while the “political winds of the moment” make the seizure of private property from shareholder seem popular, the long-term consequences of allowing this violation of the rule of law to go unchecked would have very costly consequences on the housing market.

The Urban Institute’s Housing Finance Policy Center just released a major new longitudinal study of expected household formation and homeownership rates from 2010 to 2030.

The paper predicts that the homeownership rate will continue to decline through 2030 and that a major rental surge is upon us, a surge the United States is not truly prepared to meet.

Most concerning, they forecast the homeownership rate to drop to 61.3% by 2030.

For context, the homeownership rate in the first quarter of this year fell to 63.7%, the lowest since 1990, according to the U.S. Census.

The homeownership rate is the ratio of households that own to overall households — the remaining being rental households.

A blog written by the study authors highlights five key take-aways:

A rental surge is coming. 13 million of the 22 million new households that will form between 2010 and 2030 will seek to rent, rather than buy, their homes.

Most of the new households that will form between 2010 and 2030 will be non-white.

The homeownership rate will decrease for all age groups, except those over 75. The authors predict that the overall homeownership rate will be 61.3% by 2030: 70% for whites, 40% for African Americans, and 48% for Hispanics.

African Americans will fall further behind all racial groups in homeownership. By 2030, the homeownership rate for African Americans will be 40%, a large drop from 46% in 2000. The rate for Hispanics will move in the opposite direction, increasing from 46% in 2000 to 48% in 2030.

The number of senior-headed households will increase dramatically. The number of households over age 65 will increase from 25.8 million in 2010 to 35.4 million in 2020 and to 45.7 million in 2030.

“The housing market is benefiting as employment returns to pre-crisis levels” says a spokeperson at NAR.

Contracts to buy homes rose in March to the highest level for the month since 2005, according to the NAR. (March is the latest statics available).

The unemployment rate was 5.5% in February and March, (a level the Federal Reserve defines as full employment) the rate dropped to 5.4% in April.

Also “boomerang buyers” have become eligible again and studies have shown that once consumers have owned a home (but then forced to rent because of “life circumstances”) purchase home in higher numbers than those who are currently renting.

Related Post: Renter Marketing

Rates are down from 2014.

Lower interest rates are bolstering affordability for buyers.

The avg. rate for a 30-year fixed mortgage was 3.71% this year through April, compared with 4.36% in April 2014.

For 2015, the avg. rates are projected at 3.9%, down from 4.2% last year.
The median price for an existing single-family home in the first 3 months (2015) was $205,200, up 7.4% from the 1ST quarter of 2014.

Prices probably will gain 5.9% in 2015, compared with 5.7% in 2014, the association said in a forecast on its website.

Sales of existing homes this year probably will rise 6.8% to 5.3 million after dropping about 3% in 2014.

That would be the most since 2013, the first year of the housing recovery.

for California’s Keep Your Home California Transition Assistance Program

(TAP)

If your financially distressed California clients can no longer afford their homes and are pursuing a short sale or a deed in lieu of foreclosure, they may be eligible for financial help with their relocation to alternative housing.

The funds come from the Transition Assistance Program (TAP), part of the Keep Your Home California Program.

The state of California is providing up to $5,000 in transition assistance to qualified homeowners who can no longer afford to stay in their homes. You can help by advising your distressed clients that they must:

Apply for the funds through their state’s website or by calling 1.888.954.5337.

Maintain their property until their house is sold or returned to the lender via a negotiated deed in lieu of foreclosure.

For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.

To learn more about the Transition Assistance Program’s guidelines, please fill out

Price: Adult: $15* Seniors age 62+: $8 Children age 6-12: $8 Children age 5 and under: Free *Discount admission available at Albertson’s

REGION: NORTH COUNTY COASTAL

San Diego’s annual county fair is the largest fair in California, offering a variety of food, entertainment, exhibits, rides & games throughout the beautiful and historical Del Mar Fairgrounds in the oceanfront village of Del Mar.

After plunging in June, housing starts and housing permits recovered in July, printing at 1,093,000 and 1,052,000, respectively.

This represents a 15.7% gain in starts and permits, which is the good news that will make headlines, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

The bad news is that almost all of those gains from June to July in starts and permits are in multifamily rental housing.

In permits, almost all of the increase was due to multi-family unit construction, which soared by 73,000 to 382,000, a 24% increase, while single-family residential permits were up by just 6,000, or less than 1%.

Click the graph to enlarge.

Housing starts in July likewise gained mostly on multifamily strength. Single-family units rose to 656,000, while multifamily unit starts soared by 33% in one month, from 318,000 to 423,000.

Click the graph to enlarge.

Notably, this has multifamily starts coming in at its highest level since January 2006.

“There were 585,000 total housing starts during the first seven months of 2014 (not seasonally adjusted, NSA), up 9.1% from the 563 thousand during the same period of 2013,” notes Bill McBride at Calculated Risk. “Single family starts are up 3%, and multi-family starts up 24%. The key weakness has been in single family starts.”

Housing is improving but it is becoming apparent that the market has changed. Single-family housing is not as attractive financially as in the past and multifamily housing is the current trend. But at least it is on an uptrend.

Nevertheless, homebuilder stocks were up on the news Tuesday.

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